Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:

Question

Quizplus · Accepted Answer

The sales growth is 4% per month. Starting with 10,000 units in December, January sales would be 10,000 * 1.04 = 10,400, February sales would be 10,400 * 1.04 = 10,816, and March sales would be 10,816 * 1.04 = 11,248.64, which rounds to 11,249.